Should You Open a Roth IRA for Your Child?

Opening a custodial Roth IRA for your child with earned income can be a great way to show them the value of compound interest at a very young age.Miljan Zivkovic/Shutterstock11/7/2025|Updated: 11/7/2025If your child just got their first job, they may not be thinking about retirement. But this doesn’t mean they can’t start saving for their Golden Years right now. And that could give them an exceptional head start. Think about what your child can accomplish with 50-plus years of compounding interest.So, how do you start?Javier Simon is a freelance personal finance writer for The Epoch Times. He specializes in retirement planning, investing, taxes, fintech, financial products and more. His work has been featured by major publications including Fox Business, The Motley Fool, NerdWallet, and Money Magazine.Author’s Selected Articles